Why You Shouldn't Buy Into The Crypto Trend
What A Day
What A Day
4.6 • 12.6K Ratings
🗓️ 7 May 2026
⏱️ 23 minutes
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Summary
President Donald Trump made a lot of promises when he took office for the second time. One of those promises included becoming the most pro-cryptocurrency president ever! (Probably because the Trump family is trying to make as much money as possible from the enterprise.) But the wheels appear to be falling off both Trump’s crypto adventures and the industry itself. Though millions of Americans own crypto, Bitcoin isn’t going to replace the dollar any time soon. To learn more about the crypto industry, who it’s for, and where it’s headed, we spoke with Ben McKenzie. He's an author, actor, and filmmaker who has been covering cryptocurrency for years. His new documentary "Everyone Is Lying To You For Money" centers on unmasking the cryptocurrency industry.
And in headlines, the Washington Post found Iran has hit more U.S. military assets than reported, Commerce Secretary Howard Lutnick testifies before Congress about his ties to convicted sex offender Jeffrey Epstein, and Stephen Colbert teases a possible 2028 presidential run.
Show Notes:
- Check out Everyone Is Lying To You For Money – https://tinyurl.com/4apne3tp
- Call Congress – 202-224-3121
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Transcript
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| 0:00.0 | It's Thursday, May 7th. I'm Jane Koston, and this is what a day. |
| 0:07.9 | The show wondering of National Economic Council Director Kevin Hassett knows he's not sharing |
| 0:12.1 | good news on Fox Business Wednesday. |
| 0:15.1 | I had the head of one of the big five banks in my office yesterday going through the credit card data. |
| 0:20.3 | And just as Secretary Besant said, credit card spending is through the roof. |
| 0:24.7 | They're spending more on gasoline, but they're spending more on everything else too. |
| 0:28.8 | The GOP's midterm message, credit card debt is going up and that's awesome. On today's show, Commerce Secretary Howard Lutnik tries to explain his ties to convicted sex |
| 0:48.8 | offender Jeffrey Epstein. And is Stephen Colbert eyeing a 2028 presidential run? Stay tuned to |
| 0:54.0 | find out. |
| 0:55.3 | But let's start with cryptocurrency. |
| 0:57.3 | Trump came into office claiming that he was going to be the most pro-crypto president ever, |
| 1:02.3 | and the best friend the crypto industry could ever have. |
| 1:05.6 | Here he is at the Bitcoin Conference in Nashville in 2024. |
| 1:08.6 | If crypto is going to define the future, I want to be mined, minted, and made in the USA, it's |
| 1:16.6 | going to be. |
| 1:17.3 | It's not going to be made anywhere else. |
| 1:19.6 | And if Bitcoin is going to the moon, as we say, it's going to the moon. |
| 1:23.9 | I want America to be the nation that leads the way. |
| 1:28.7 | And that's what's going to happen. |
| 1:36.6 | No, you're going to be very happy with me. You're going to be so happy. But currently, they are not. |
| 1:41.1 | In the second year of a second term in office, the wheels feel like they're coming off for both Trump's cryptocurrency adventures and the promise of the industry itself. |
| 1:45.2 | World Liberty Financial, the cryptocurrency firm launched by members of the Trump family and their |
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